The report "High Performance Alloys Market by Alloy Type (Wrought, Cast), Product Type (Non-Ferrous Alloys, Refractory Alloys), Alloying Element (Aluminum, Titanium, Magnesium), Application (Aerospace, Industrial, Automotive), & Geography - Global Forecast to 2020" Published by MarketsandMarkets, The global market for High Performance Alloys is projected to grow at a CAGR of 4.34% from 2015 to 2020, to reach USD 9,698.35 Million by 2020.
Browse more than 207 market data Tables with 54 Figures spread through 235 Pages and in-depth TOC on "High Performance Alloys Market"
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The market report defines and segments the global High Performance Alloys Market with analysis and forecasting of the global revenues for high performance alloys. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and the Rest of the World (ROW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of application.
The high performance alloys industry is influenced by the increase in population, consumer awareness, changing consumer preferences, urbanization, and development in economy, which drive the demand for sustainable products. These factors will drive the demand for high performance alloys from these regions. Advancement in technology and economies of scale has enabled the use of high performance alloys in a wide range of applications and lowered the production cost.
Growing demand for high performance alloys in emerging economies such as China is expected to drive the High Performance Alloys Market. Emerging countries such as China, India, Brazil, and countries in Southeast Asia are witnessing change in consumer preferences.
The market for high performance alloys is observed to be maturing in economies such as Europe and North America though they still account for the largest market share. The North American region formed the largest market for high performance alloys, in terms of volume, having accounted for 472.02 KT in 2014, with a share of 38%. The global market for high performance alloys is projected to grow at a CAGR of 4.34% from 2015 to 2020, to reach USD 9,698.35 Million by 2020.
The High Performance Alloys Market is dominated by several large players such as Aperam SA (Luxembourg), Alcoa Inc. (U.S.), Allegheny Technologies Incorporated (U.S.), Carpenter Technology (U.S.), Haynes International Inc. (U.S.), Hitachi Metals Ltd. (Japan), Outokumpu (Finland), Precision Castparts Corporation (U.S.), Timken Company (U.S.), and VSMPO-AVISMA Corporation (Russia).
The development of economies plays an essential role in increasing the demand for high performance alloys in the global market. The key parameter that determines the growth of high performance alloys in developing economies is the increase in consumption. The growing GDP in emerging markets such as China, India, and Brazil is estimated to drive the demand for high performance alloys.
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BOSTON--(BUSINESS WIRE)--Metals are an important component of aviation and defense systems, constituting nearly 75 percent of turbine engine components and 66 percent of an airframe’s weight. The U.S. Air Force Research Laboratory (AFRL) and Rolls-Royce are using Nutonian’s machine intelligence software, Eureqa, to discover new relationships in manufacturing data that will slash metals costs and boost performance.
AFRL is the Air Force’s only organization dedicated to developing technologies for the country’s air, space, and cyberspace forces. It manages the Metals Affordability Initiative (MAI), a consortium that pools government and industry resources to reduce metallic aircraft component costs and accelerate implementation.
To date, the MAI has successfully transferred 50 technologies into 22 aerospace systems across the Air Force and Department of Defense, with 39 independent technologies transitioned directly to the C-17, C-40, C-130, E-2, F-15, F-16, F/A-18, F-22, F-35, KC-135, P-8, V-22, Global Hawk, and Apache aircrafts. The MAI has also influenced the micro satellite, Mars reconnaissance orbiter, and Orion spacecraft.
As part of MAI’s “Advanced Titanium Alloy Microstructure and Mechanical Property Modeling” program, AFRL and Nutonian teamed up to apply Eureqa to accurately predict how titanium alloys respond to various inputs and conditions during the manufacturing process to yield optimal engine components.
“Developing quantitative models that relate materials processing history to microstructure and properties is an essential part of maximizing the performance of future turbine engine components,” said Dr. Adam Pilchak of AFRL. “These models will help original equipment manufacturers optimize future engines by incorporating microstructure as a design variable, allowing them to ensure they have the right material properties in the right locations.”
Using Eureqa’s analytical models, companies like Allegheny Technologies Incorporated and Precision Castparts Corporation can begin to churn out new components for Boeing, GE, Pratt & Whitney, and Rolls-Royce. The models help aerospace manufacturing companies improve the performance of titanium parts for air structures and high-performance turbine engines, and reduce costs by decreasing materials-to-design-to-fly time. The models have also been incorporated into Scientific Forming Technologies Corporation’s (SFTC) process simulation software, DEFORM™, and are now commercially available.
“The application of machine intelligence to manufacturing data finds relationships that can be immediately leveraged to impact the bottom line by reducing costs, improving throughput, and guiding advanced product design,” said Dr. Jay Schuren, field CTO at Nutonian. “We’re thrilled to work with prestigious organizations like the AFRL on improving materials and manufacturing processes that both contribute to our nation’s security and push the bounds on what is currently possible.”
To learn more about Eureqa and discover how it can improve your manufacturing processes, please visit: http://nutonian.com/products/eureqa.
About Nutonian
Nutonian is the Machine Intelligence™ company. Its Eureqa® application empowers analysts, modelers, and engineers to automatically discover analytical models via sophisticated evolutionary algorithms requiring no human intervention. Founded in 2011 by two of the “World’s Most Powerful Data Scientists” (Forbes), Eureqa accelerates data science initiatives by making advanced data modeling simpler, faster, and more scalable than any existing solution. Nutonian is headquartered in Somerville, Mass. For more information, please visit www.nutonian.com or follow Nutonian on Twitter at @nutonian.

PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE: ATI) will provide live Internet listening access to its conference call with investors and analysts scheduled for Tuesday, January 20, 2015 at 8:30 a.m. ET. The conference call will be conducted after the Company’s planned release of fourth quarter and full-year 2014 results. The conference call will be broadcast, and accompanying presentation slides will be available, at www.ATImetals.com. To access the broadcast, go to the home page and select “Conference Call”. Replay of the conference call will be available on the ATI website.
Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in the world with revenues of approximately $4.1 billion for the twelve months ended September 30, 2014. ATI has approximately 9,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty materials solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. The ATI website is www.ATImetals.com.

PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE: ATI) will provide live Internet listening access to its conference call with investors and analysts scheduled for Tuesday, April 21, 2015 at 8:30 a.m. ET. The conference call will be conducted after the Company’s planned release of first quarter 2015 results. The conference call will be broadcast, and accompanying presentation slides will be available, at www.ATImetals.com. To access the broadcast, go to the home page and select “Conference Call”. Replay of the conference call will be available on the ATI website.
Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in the world with revenues of approximately $4.2 billion in 2014. ATI has approximately 9,700 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty materials solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. The ATI website is www.ATImetals.com.